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VECP Cost Requirements


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Guest Vern Edwards

If the VECP includes a proposed contract price adjustment, not just a savings estimate, and if the criteria in FAR 15.403-4 for submission are met, then the answer is yes. In order to save time and money the CO could (and should) let you hold off on submitting cost or pricing data until the Government has made at least a tentative decision to accept the VECP and the contractor proposes a specific adjustment.

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